Cairn Energy group finds more oil offshore Senegal

A joint venture led by Cairn Energy PLC has made an oil discovery in its VR-1 well offshore Senegal, notching up its eighth consecutive successful well in the region since drilling began in 2004. Source: News


MARKET WATCH: NYMEX crude oil prices volatile on supply-demand concerns

The light, sweet crude oil contract for May delivery fell on the New York market Mar. 27 to settle below $48/bbl. Before closing, crude oil dipped to a trading session low of $47.08/bbl, which was within 10¢ of a low set in November 2016. Source: News